Reported Earnings • May 11
Full year 2026 earnings released: EPS: JP¥142 (vs JP¥130 in FY 2025) Full year 2026 results: EPS: JP¥142 (up from JP¥130 in FY 2025). Revenue: JP¥86.3b (up 2.4% from FY 2025). Net income: JP¥13.2b (up 6.6% from FY 2025). Profit margin: 15% (in line with FY 2025). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 04
Okinawa Cellular Telephone Company to Report Fiscal Year 2026 Results on May 08, 2026 Okinawa Cellular Telephone Company announced that they will report fiscal year 2026 results on May 08, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €15.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Wireless Telecom industry in Europe. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.37 per share. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥38.44 (vs JP¥35.44 in 3Q 2025) Third quarter 2026 results: EPS: JP¥38.44 (up from JP¥35.44 in 3Q 2025). Revenue: JP¥22.3b (up 4.8% from 3Q 2025). Net income: JP¥3.56b (up 6.1% from 3Q 2025). Profit margin: 16% (in line with 3Q 2025). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Declared Dividend • Dec 07
First half dividend of JP¥32.00 announced Shareholders will receive a dividend of JP¥32.00. Ex-date: 30th March 2026 Payment date: 15th June 2026 Dividend yield will be 212%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 26
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: JP¥21.5b (flat on 2Q 2025). Net income: JP¥3.27b (up 4.3% from 2Q 2025). Profit margin: 15% (in line with 2Q 2025). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Wireless Telecom industry in Europe. New Risk • Sep 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 128% Dividend yield: 4.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥64.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%). Buy Or Sell Opportunity • Aug 29
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €28.40. The fair value is estimated to be €35.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period. Buy Or Sell Opportunity • Jul 28
Now 23% undervalued Over the last 90 days, the stock has risen 8.6% to €27.80. The fair value is estimated to be €36.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period. Reported Earnings • Jul 28
First quarter 2026 earnings released: EPS: JP¥69.67 (vs JP¥61.96 in 1Q 2025) First quarter 2026 results: EPS: JP¥69.67 (up from JP¥61.96 in 1Q 2025). Revenue: JP¥20.6b (up 4.0% from 1Q 2025). Net income: JP¥3.27b (up 9.5% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Hajime Oshiro was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jun 03
Okinawa Cellular Telephone Company to Report Q1, 2026 Results on Jul 25, 2025 Okinawa Cellular Telephone Company announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • May 09
Full year 2025 earnings released: EPS: JP¥261 (vs JP¥245 in FY 2024) Full year 2025 results: EPS: JP¥261 (up from JP¥245 in FY 2024). Revenue: JP¥84.3b (up 8.1% from FY 2024). Net income: JP¥12.4b (up 2.3% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (4.4%). Annonce • Mar 01
Okinawa Cellular Telephone Company to Report Fiscal Year 2025 Results on May 08, 2025 Okinawa Cellular Telephone Company announced that they will report fiscal year 2025 results on May 08, 2025 Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥70.89 (vs JP¥62.12 in 3Q 2024) Third quarter 2025 results: EPS: JP¥70.89 (up from JP¥62.12 in 3Q 2024). Revenue: JP¥21.3b (up 4.3% from 3Q 2024). Net income: JP¥3.36b (up 11% from 3Q 2024). Profit margin: 16% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Annonce • Jan 10
Okinawa Cellular Telephone Company to Report Q3, 2025 Results on Jan 30, 2025 Okinawa Cellular Telephone Company announced that they will report Q3, 2025 results on Jan 30, 2025 Declared Dividend • Dec 06
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 28th March 2025 Payment date: 16th June 2025 Dividend yield will be 224%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 27
Second quarter 2025 earnings released: EPS: JP¥65.63 (vs JP¥65.77 in 2Q 2024) Second quarter 2025 results: EPS: JP¥65.63 (down from JP¥65.77 in 2Q 2024). Revenue: JP¥21.3b (up 9.2% from 2Q 2024). Net income: JP¥3.13b (down 2.9% from 2Q 2024). Profit margin: 15% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Annonce • Sep 20
Okinawa Cellular Telephone Company to Report Q2, 2025 Results on Oct 25, 2024 Okinawa Cellular Telephone Company announced that they will report Q2, 2025 results on Oct 25, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 45% and the cash payout ratio is 80%. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (7.5%). Buy Or Sell Opportunity • Jul 30
Now 22% undervalued Over the last 90 days, the stock has risen 18% to €23.60. The fair value is estimated to be €30.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.0%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period. Reported Earnings • Jul 29
First quarter 2025 earnings released: EPS: JP¥61.96 (vs JP¥64.07 in 1Q 2024) First quarter 2025 results: EPS: JP¥61.96 (down from JP¥64.07 in 1Q 2024). Revenue: JP¥19.8b (up 7.1% from 1Q 2024). Net income: JP¥2.99b (down 10% from 1Q 2024). Profit margin: 15% (down from 18% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Declared Dividend • Jul 11
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 265%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (329% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 27
Okinawa Cellular Telephone Company to Report Q1, 2025 Results on Jul 26, 2024 Okinawa Cellular Telephone Company announced that they will report Q1, 2025 results on Jul 26, 2024 Reported Earnings • Jun 17
Full year 2024 earnings released: EPS: JP¥245 (vs JP¥205 in FY 2023) Full year 2024 results: EPS: JP¥245 (up from JP¥205 in FY 2023). Revenue: JP¥78.0b (flat on FY 2023). Net income: JP¥12.1b (up 12% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥245 (vs JP¥205 in FY 2023) Full year 2024 results: EPS: JP¥245 (up from JP¥205 in FY 2023). Revenue: JP¥78.0b (flat on FY 2023). Net income: JP¥12.1b (up 12% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Annonce • May 09
Okinawa Cellular Telephone Company (TSE:9436) announces an Equity Buyback for 1,400,000 shares, representing 2.9% for ¥4,000 million. Okinawa Cellular Telephone Company (TSE:9436) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 2.9% of its issued share capital (excluding treasury stock), for a total purchase price of ¥4,000 million. The purpose of the program is to enhance return of profits to shareholders through improved capital efficiency. The repurchased shares will be cancelled. The program will continue through April 18, 2025. As of June 30, 2023, the company had 48,288,234 issued shares (excluding treasury stock) and 934,048 treasury shares. Annonce • Apr 01
Okinawa Cellular Telephone Company, Annual General Meeting, Jun 13, 2024 Okinawa Cellular Telephone Company, Annual General Meeting, Jun 13, 2024. Annonce • Mar 30
Okinawa Cellular Telephone Company to Report Fiscal Year 2024 Results on May 08, 2024 Okinawa Cellular Telephone Company announced that they will report fiscal year 2024 results on May 08, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (9.0%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥62.12 (vs JP¥53.62 in 3Q 2023) Third quarter 2024 results: EPS: JP¥62.12 (up from JP¥53.62 in 3Q 2023). Revenue: JP¥20.4b (up 3.6% from 3Q 2023). Net income: JP¥3.03b (up 6.8% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Annonce • Dec 22
Okinawa Cellular Telephone Company to Report Q3, 2024 Results on Jan 30, 2024 Okinawa Cellular Telephone Company announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Oct 31
Second quarter 2024 earnings released: EPS: JP¥65.77 (vs JP¥54.51 in 2Q 2023) Second quarter 2024 results: EPS: JP¥65.77 (up from JP¥54.51 in 2Q 2023). Revenue: JP¥19.5b (flat on 2Q 2023). Net income: JP¥3.23b (up 11% from 2Q 2023). Profit margin: 17% (up from 15% in 2Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Annonce • Sep 28
Okinawa Cellular Telephone Company to Report Q2, 2024 Results on Oct 30, 2023 Okinawa Cellular Telephone Company announced that they will report Q2, 2024 results on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥45.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (7.4%). New Risk • Jul 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 258% Dividend yield: 3.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Annonce • Jul 27
Okinawa Cellular Telephone Company (TSE:9436) announces an Equity Buyback for 1,200,000 shares, representing 2.44% for ¥3,000 million. Okinawa Cellular Telephone Company (TSE:9436) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 2.44% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is to enhance the return of profits to shareholders by improving capital efficiency. The repurchased shares will be cancelled. The program will continue through April 19, 2024. As of June 30, 2023, the company had 49,136,980 issued shares (excluding treasury stock) and 3,186,420 treasury shares. Reported Earnings • Jul 27
First quarter 2024 earnings released: EPS: JP¥64.07 (vs JP¥57.47 in 1Q 2023) First quarter 2024 results: EPS: JP¥64.07 (up from JP¥57.47 in 1Q 2023). Revenue: JP¥18.5b (flat on 1Q 2023). Net income: JP¥3.33b (up 8.0% from 1Q 2023). Profit margin: 18% (up from 17% in 1Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Annonce • Jun 29
Okinawa Cellular Telephone Company to Report Q1, 2024 Results on Jul 26, 2023 Okinawa Cellular Telephone Company announced that they will report Q1, 2024 results on Jul 26, 2023 Reported Earnings • Jun 18
Full year 2023 earnings released: EPS: JP¥205 (vs JP¥199 in FY 2022) Full year 2023 results: EPS: JP¥205 (up from JP¥199 in FY 2022). Revenue: JP¥77.3b (up 5.3% from FY 2022). Net income: JP¥10.9b (up 1.8% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥205 (vs JP¥199 in FY 2022) Full year 2023 results: EPS: JP¥205 (up from JP¥199 in FY 2022). Revenue: JP¥77.3b (up 5.3% from FY 2022). Net income: JP¥10.9b (up 1.8% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥43.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.8%). Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥53.62 (vs JP¥55.38 in 3Q 2022) Third quarter 2023 results: EPS: JP¥53.62 (down from JP¥55.38 in 3Q 2022). Revenue: JP¥19.7b (up 3.8% from 3Q 2022). Net income: JP¥2.83b (down 4.6% from 3Q 2022). Profit margin: 14% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 06
Okinawa Cellular Telephone Company to Report Q3, 2023 Results on Jan 30, 2023 Okinawa Cellular Telephone Company announced that they will report Q3, 2023 results on Jan 30, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Hajime Oshiro was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥19.6b (up 8.7% from 2Q 2022). Net income: JP¥2.90b (down 14% from 2Q 2022). Profit margin: 15% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Annonce • Sep 29
Okinawa Cellular Telephone Company to Report Q2, 2023 Results on Oct 28, 2022 Okinawa Cellular Telephone Company announced that they will report Q2, 2023 results on Oct 28, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥86.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (7.5%). Reported Earnings • Jul 29
First quarter 2023 earnings released: EPS: JP¥115 (vs JP¥116 in 1Q 2022) First quarter 2023 results: EPS: JP¥115 (down from JP¥116 in 1Q 2022). Revenue: JP¥18.5b (up 3.6% from 1Q 2022). Net income: JP¥3.08b (down 1.4% from 1Q 2022). Profit margin: 17% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 1.4%, compared to a 2.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Annonce • Jul 15
Okinawa Cellular Telephone Company to Report Q1, 2023 Results on Jul 27, 2022 Okinawa Cellular Telephone Company announced that they will report Q1, 2023 results on Jul 27, 2022 Reported Earnings • Jun 19
Full year 2022 earnings released: EPS: JP¥397 (vs JP¥388 in FY 2021) Full year 2022 results: EPS: JP¥397 (up from JP¥388 in FY 2021). Revenue: JP¥73.4b (down 1.0% from FY 2021). Net income: JP¥10.7b (up 1.3% from FY 2021). Profit margin: 14% (in line with FY 2021). Over the next year, revenue is forecast to grow 1.6%, compared to a 1.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥397 (vs JP¥388 in FY 2021) Full year 2022 results: EPS: JP¥397 (up from JP¥388 in FY 2021). Revenue: JP¥73.4b (down 1.0% from FY 2021). Net income: JP¥10.7b (up 1.3% from FY 2021). Profit margin: 14% (in line with FY 2021). Over the next year, revenue is forecast to stay flat compared to a 1.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Hajime Oshiro was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 08
Okinawa Cellular Telephone Company to Report Fiscal Year 2022 Results on Apr 27, 2022 Okinawa Cellular Telephone Company announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥82.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 18 June 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.3%). Reported Earnings • Jan 29
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥111 (down from JP¥127 in 3Q 2021). Revenue: JP¥19.0b (down 1.4% from 3Q 2021). Net income: JP¥2.97b (down 13% from 3Q 2021). Profit margin: 16% (down from 18% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is expected to shrink by 4.4% compared to a 2.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Reported Earnings • Oct 23
Second quarter 2022 earnings released: EPS JP¥126 (vs JP¥106 in 2Q 2021) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥18.1b (flat on 2Q 2021). Net income: JP¥3.37b (up 18% from 2Q 2021). Profit margin: 19% (up from 16% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥82.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (5.7%). Reported Earnings • Aug 01
First quarter 2022 earnings released: EPS JP¥116 (vs JP¥94.86 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥17.9b (up 5.0% from 1Q 2021). Net income: JP¥3.12b (up 21% from 1Q 2021). Profit margin: 17% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Jun 22
Full year 2021 earnings released: EPS JP¥388 (vs JP¥362 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥74.2b (up 9.0% from FY 2020). Net income: JP¥10.5b (up 6.6% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥388 (vs JP¥362 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥74.2b (up 9.0% from FY 2020). Net income: JP¥10.5b (up 6.6% from FY 2020). Profit margin: 14% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Mar 23
Upcoming Dividend of JP¥77.00 Per Share Will be paid on the 12th of June to those who are registered shareholders by the 30th of March. The trailing yield of 3.0% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (5.0%). Annonce • Mar 04
Okinawa Cellular Telephone Company to Report Fiscal Year 2021 Results on Apr 27, 2021 Okinawa Cellular Telephone Company announced that they will report fiscal year 2021 results on Apr 27, 2021 Is New 90 Day High Low • Feb 16
New 90-day high: €38.03 The company is up 12% from its price of €33.83 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.38 per share. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥127 (vs JP¥100 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥19.2b (up 10% from 3Q 2020). Net income: JP¥3.42b (up 25% from 3Q 2020). Profit margin: 18% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue misses expectations Revenue missed analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 6.1% while theWireless Telecom industry in Germany is not expected to grow. Reported Earnings • Jan 29
Third quarter 2021 earnings released: EPS JP¥127 (vs JP¥100 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥19.2b (up 10% from 3Q 2020). Net income: JP¥3.42b (up 25% from 3Q 2020). Profit margin: 18% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Analyst Estimate Surprise Post Earnings • Jan 29
Revenue misses expectations Revenue missed analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 5.4% while theWireless Telecom industry in Germany is not expected to grow. Is New 90 Day High Low • Jan 26
New 90-day high: €36.96 The company is up 11% from its price of €33.22 on 27 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.93 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €36.12 The company is up 12% from its price of €32.28 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.50 per share. Annonce • Dec 30
Okinawa Cellular Telephone Company to Report Q3, 2021 Results on Jan 27, 2021 Okinawa Cellular Telephone Company announced that they will report Q3, 2021 results on Jan 27, 2021 Is New 90 Day High Low • Dec 01
New 90-day high: €36.01 The company is up 12% from its price of €32.11 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.78 per share. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS JP¥106 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: JP¥18.0b (up 7.0% from 2Q 2020). Net income: JP¥2.87b (up 7.3% from 2Q 2020). Profit margin: 16% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Is New 90 Day High Low • Nov 01
New 90-day high: €33.84 The company is up 2.0% from its price of €33.32 on 03 August 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €48.20 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Second-quarter earnings released: Revenue beats expectations Second-quarter revenue exceeded analyst estimates by 6.2% at JP¥18.0b. Revenue is forecast to grow 4.0% over the next year, compared to a 2.0% decline forecast for the Wireless Telecom industry in Germany. Reported Earnings • Oct 24
First half earnings released Over the last 12 months the company has reported total profits of JP¥10.2b, up 8.6% from the prior year. Total revenue was JP¥69.7b over the last 12 months, up 2.7% from the prior year. Annonce • Oct 10
Okinawa Cellular Telephone Company to Report Q2, 2021 Results on Oct 23, 2020 Okinawa Cellular Telephone Company announced that they will report Q2, 2021 results on Oct 23, 2020 Annonce • Jun 28
Okinawa Cellular Telephone Company to Report Q1, 2021 Results on Jul 29, 2020 Okinawa Cellular Telephone Company announced that they will report Q1, 2021 results on Jul 29, 2020 
